UNITED WAY OF LAUREL COUNTY INC (EIN 611240648) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1956

Legal Domicile

Principal Officer

JUDY NICHOLSON

Phone

6066573999

Tax Period

2024-06-01 to 2025-05-31

UNITED WAY OF LAUREL COUNTY INC, founded in 1956, is a micro nonprofit that reported $41K in total revenue in fiscal year 2024. Revenue decreased 20% compared to the prior year. Expenses of $75K exceeded revenue, resulting in a 85% operating deficit.

Mission

TO PROVIDE SUPPORT TO QUALIFIED NONPROFIT ORGANIZATIONS LOCATED IN LAUREL COUNTY, KENTUCKY

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $26,902

Program Service Revenue $0

Investment Income $13,808

Other Revenue $0

TOTAL REVENUE $40,710

Expense Breakdown

Grants Paid $38,949

Salaries & Benefits $23,931

Fundraising Expenses $1,271

Program Expenses $72,269

Other Expenses $12,426

TOTAL EXPENSES $75,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,710	$50,757	-0.2%
Expenses	$75,306	$42,389	+0.8%
Net Income	$-34,596	$8,368	-5.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$22,256

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY NICHOLSON	EXECUTIVE DI	30.00	Officer	$22,256	$0	$22,256
BRAD JONES	DIRECTOR	N/A	Director	$0	$0	$0
JAMIE JONES	DIRECTOR	N/A	Director	$0	$0	$0
JASON JONES	DIRECTOR	N/A	Director	$0	$0	$0
DWIGHT LARKEY	DIRECTOR	N/A	Director	$0	$0	$0
DEBRA MILLS	SECRETARY	N/A	Officer	$0	$0	$0
HENRY PALSICK	PRESIDENT	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$40,710	$75,306	$615,347	$-34,596
2024	$50,757	$42,389	$649,943	$8,368
2023	$161,857	$59,347	$751,284	$102,510
2022	$97,491	$74,849	$648,774	$22,642
2021	$85,361	$73,711	$626,132	$11,650
2020	$133,676	$98,786	$614,482	$34,890
2019	$118,728	$103,049	$579,592	$15,679
2018	$67,153	$75,938	$563,902	$-8,785

UNITED WAY OF LAUREL COUNTY INC